HB1787 (2021 Regular Session)

Elections Money General Assembly Lobbying Visuals VaNews About Us

Overview Early Voting Election Results State Senate House of Delegates Governor Lt. Governor Att. General US Senate US House President Local Candidate Search

Overview Top Donors Industry Locality ZIP Code Big Donations Independent Expenditures Political Ads Vendors

Issues/Bills Donations to Committee Members Legislators Committees Gifts/Conferences New Faces Citizen's Guide

Overview New Registrations Spending Entertainment Calendar

Visualizations K-12 Educators COVID-19

Current Edition Most-Clicked Search Past Editions Content Policy Day Sponsorships

Overview Leadership Team Contact Supporters VPAP Updates Events

HB1787

Income tax, state; establishes an exclusion for Paycheck Protection Plan loan forgiveness.

Overview

Status:
Killed

Chief Patron:
Joe McNamara (R)

Session:
2021 Regular Session

Summary

As Introduced. Income tax exclusion for Paycheck Protection Plan loan forgiveness.

Establishes an income tax exclusion for forgiveness of indebtedness on a loan received under the Coronavirus Aid, Relief, and Economic Security (CARES) Act through the Paycheck Protection Plan. The exclusion would be available starting in taxable year 2020.

Bill History
01/01/2021 - House: Prefiled and ordered printed; offered 01/13/21 21100165D
01/01/2021 - House: Referred to Committee on Finance
01/16/2021 - House: Impact statement from TAX (HB1787)
01/18/2021 - House: Tabled in Finance (13-Y 9-N)

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

See other bills related to: